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Category Archives: Employment

States should oversee for-profit schools, says NCLC

The National Consumer Law Center just released a report proposing recommendations for state governments to increase oversight of for-profit schools. For-profit schools have been a problem for student-loan borrowers because tuition tends to be fairly high while graduation rates are low and post-graduation employment rates also are low.  As a result, NCLC, a consumer advocate group, advocates for stronger government oversight of for-profit schools. To that end, NCLC’s new report calls for the states to develop stronger laws and agencies to oversee for-profit schools.  The report makes several recommendations to states, such as:

  • States should require for-profit schools to have minimum graduation and job placement rates as a condition for state approval;
  • Establish procedures for resolving student complaints – because many illegal practices go unpunished due to states’ lack of procedures for investigating and resolving complaints from students; and
  • The agency that oversees for-profit schools should have consumer protection expertise and experience in regulating for-profit businesses;

These are only 3 of the 10 recommendations the NCLC put forth for states in the regulation of for-profit schools.  To see the rest of the recommendations, check out the full NCLC report.

Student loan debtors less likely to buy property, says the NY Times

On the front page of Saturday’s Real Estate section, The New York Times has done a decent job of tying together the student loan crisis and debtors’ resulting lack of participation in the larger economy, although I think they could have picked some better examples. Admirably, the article includes a quote from one student loan… Continue Reading

Report: Black recent college grads more likely to be un- or under-employed

In May 2014, the Center for Economic Policy and Research published a report entitled “A College Degree is No Guarantee,” which focuses on the experience of black college graduates in the labor market. Here’s a breakdown of the executive summary:  In 2013, the unemployment rate for black college grads between the ages of 22 and… Continue Reading